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The president announced that the authority will be set up within the next three months, with a task of “mobilizing the relevant resources” and making the country’s natural resources more beneficial.
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According to him, setting up such an authority will help to “build economies that are self-reliant, have the capacity to compete and generate prosperity for our people”.
He added that majority of Ghana’s resources “remain untapped and underdeveloped”, while emphasizing government’s will to take Ghana “beyond aid”.
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“We’ve taken the decision that come what may, we are going to bring those resources to play. An integrated bauxite-aluminum development authority is going to be established in the next three months in Ghana which is going to have a task of mobilizing the relevant resources to be able now to have an integrated aluminum industry in Ghana right from the exploitation of the raw bauxite up to the production of the aluminum products,” Nana Addo said while delivering a speech at the 5th Africa CEO Forum in Geneva on Tuesday.
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The president was optimistic that the idea of setting up a bauxite-aluminum authority will help get the country “out from poverty to prosperity” because Ghana “has enormous natural resources” which can exploited in better ways.